August 23, 2017
Wheat or Strawberries?
For farmers in developing countries, it's not an easy choice
Farmers in developing countries can earn more by growing strawberries. So why do farmers grow wheat instead? In the August issue of the American Economic Journal: Microeconomics, researchers Kala Krishna and Lena Sheveleva explain how a simple Catch-22 makes farmers more likely to produce the less valuable crop.